9Periodic licence fees

#### 9 Periodic licence fees 9 Periodic licence fees > > (1) The periodic licence fee for a licence is the sum of the following elements— > > > > > (a) the base fee element (determined and adjusted under clause 10), > > > > > (b) the compliance history risk loading element (determined under clause 11), > > > > > (c) the trading hours risk loading element (determined under clause 12), > > > > > (d) (Repealed) > > > > > (e) the patron capacity loading element (determined under clause 14), which is payable only if a compliance history risk loading element is payable. > > > (2) Despite subclause (1), the periodic licence fee for a part year licence is only the base fee element (determined under clause 10), reduced as follows— > > > > > (a) if the part year licence is granted on or after 16 March but not later than 15 June—by 25%, > > > > > (b) if the part year licence is granted on or after 16 June but not later than 15 September—by 50%, > > > > > (c) if the part year licence is granted on or after 16 September but not later than 15 December—by 75%. > > > (3) A periodic licence fee is not payable in respect of a part year licence granted on or after 16 December in an assessment year. > > > (4) Subclauses (2) and (3) take effect on and from 16 March 2019. > > **cl 9:** Am 2023 No 53, Sch 3\[3\].